Brookfield Corporation $BN Shares Bought by Rathbones Group PLC

Rathbones Group PLC grew its position in shares of Brookfield Corporation (NYSE:BN) by 35.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 45,957 shares of the company’s stock after purchasing an additional 11,975 shares during the quarter. Rathbones Group PLC’s holdings in Brookfield were worth $2,113,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of Brookfield by 48.4% during the 4th quarter. IFP Advisors Inc now owns 2,809 shares of the company’s stock valued at $129,000 after purchasing an additional 916 shares during the period. Marathon Asset Management Ltd increased its position in shares of Brookfield by 41.1% during the 4th quarter. Marathon Asset Management Ltd now owns 1,962,979 shares of the company’s stock valued at $90,249,000 after purchasing an additional 572,246 shares during the period. Partners Group Holding AG increased its position in shares of Brookfield by 36.3% during the 4th quarter. Partners Group Holding AG now owns 1,320,346 shares of the company’s stock valued at $60,591,000 after purchasing an additional 351,800 shares during the period. Investment House LLC increased its position in shares of Brookfield by 51.7% during the 4th quarter. Investment House LLC now owns 72,894 shares of the company’s stock valued at $3,345,000 after purchasing an additional 24,828 shares during the period. Finally, Intrust Bank NA increased its position in shares of Brookfield by 49.3% during the 4th quarter. Intrust Bank NA now owns 11,316 shares of the company’s stock valued at $519,000 after purchasing an additional 3,738 shares during the period. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BN shares. Scotia lifted their price target on Brookfield from $48.50 to $53.00 and gave the company a “sector outperform” rating in a research report on Friday, May 15th. Morgan Stanley reiterated an “overweight” rating and set a $61.00 price target (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. TD lifted their price target on Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday. Wall Street Zen upgraded Brookfield from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on Brookfield from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $56.82.

Brookfield Stock Performance

BN opened at $45.37 on Friday. The firm has a market cap of $111.19 billion, a PE ratio of 88.96 and a beta of 1.55. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 1.54. The business has a fifty day simple moving average of $43.15 and a 200-day simple moving average of $44.89. Brookfield Corporation has a fifty-two week low of $37.54 and a fifty-two week high of $49.56.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.6%. Brookfield’s dividend payout ratio (DPR) is currently 54.90%.

Brookfield Company Profile

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long?lived, cash?generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.